#1IndusInd Bank Investor Presentation Q3-2019-20 January 14, 2020#2Q3 - FY20 Performance Highlights Q3 FY 20 marked by robust growth in headline numbers Revenue growth of 29%; NII up by 34%; Fee up by 22% PPOP at Rs. 2,758 crs, grew by 30% YoY; PPOP / Assets of 3.83% amongst the industry highest Consolidated PAT at Rs. 1,309 crs up by 33% Q3 PAT without accelerated provisions at Rs. 1,497 crs up by 52% YoY ➤ NIM up by 5 bps to 4.15% QoQ (3.83% LY) Balance Sheet footage crosses Rs. 3 trillion Credit growth up 20% and Deposit growth up 23% Strengthened Balance Sheet by improving PCR to 53% with accelerated provisions of Rs. 251 crs ➤ Loan book quality stable; GNPA at 2.18% and NNPA at 1.05% Capital Adequacy stands at 15.43% (incl 9M FY20 Profits) Client base grew by 2 million to touch 25 million 2 Indusind Bank#3Planning Cycle 4 (2017-2020) - Plan vs Outcome Resulting in Q3 FY20 Outcome Consolidated Loan Growth 25% - 30% 20% CASA Ratio 40% 42% Revenue Growth Exceed Balance 29% Sheet Growth > 2.4% 2.17% RORWA Branch Network Customer Base * includes 123 banking outlets 3 2,000 1851* Double to >20mn On track IndusInd Bank#4How We Measure Up On Key Metrics Net Interest Margin (NIM) 4.05% 4.10% 4.15% 3.83% 3.59% ROA ROE 18.45% 17.26% 2.05% 1.98% 1.82% 15.44% 15.62% 1.62% 0.56% 5.46% Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Cost / Income Net NPA Revenue / Employee (Rs Lakhs) 45.46% 43.65% 43.42% 43.31% 42.52% 0.59% 1.21% 1.23% 1.12% 1.05% Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 63 63 56 56 55 95 65 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Consistent delivery of strong operating performance 4 IndusInd Bank#5Ratings Domestic Rating: CRISIL AA + for Infra Bonds program CRISIL AA for Additional Tier I Bonds program CRISIL A1+ for certificate of deposit program IND AA+ for Senior bonds program by India Ratings and Research IND AA for Additional Tier I Bonds program by India Ratings and Research IND A1+ for Short Term Debt Instruments by India Ratings and Research International Rating: Baa3 as Issuer, Bank Deposits and Senior Unsecured MTN ratings by Moody's Investors Service P3 as Short Term Issuer Rating by Moody's Investors Service 5 IndusInd Bank#6Consolidated Financial Performance 6 Indusind Bank#7Steady Headline Numbers for Q3-FY20 Net Interest Income Rs. 3,074 crs Y-o-Y Growth Q-0-Q Growth 34% 6% Total Fee Income Rs. 1,790 crs 22% 4% Revenue Rs. 4,864 crs 29% 5% Operating Profit Rs. 2,758 crs 30% 5% Net Profit Rs. 1,309 crs 33% (7%) 7 IndusInd Bank#8Top line momentum Y-o-Y Growth Q-0-Q Growth Advances Rs. 2,07,413 crs 20% 5% Deposits Rs. 2,16,713 crs 23% 5% CASA Rs. 91,865 crs 20% 7% SA Rs. 64,895 crs 30% 12% Borrowings Rs. 46,813 crs 5% 5% 8 IndusInd Bank#9Balance Sheet (Rs Crs) Q3FY20 Q3FY19 Y-0-Y (%) Q2FY20 Q-0-Q (%) Capital & Liabilities Capital 693 602 15% 693 Reserves and Surplus 32,789 25,798 27% 32,171 2% Share Warrant Subscription money 674 674 Deposits 2,16,713 1,75,701 23% 2,07,193 5% Borrowings 46,813 44,536 5% 44,558 5% Other Liabilities and Provisions 10,261 9,562 7% 9,644 6% Total 3,07,943 2,56,199 20% 294,933 4% Assets Cash and Balances with RBI 11,350 9,580 18% 9,973 14% Balances with Banks 9,438 3,170 198% 5,306 78% Investments 60,517 53,681 13% 63,540 (5%) Advances 2,07,413 1,73,169 20% 1,97,113 5% Fixed Assets 1,832 1,699 8% 1,799 2% Other Assets 17,393 14,900 17% 17,202 1% Total 3,07,943 2,56,199 20% 2,94,933 4% Business (Advances + Deposit) 4,24,127 3,48,870 22% 4,04,306 5% 9 IndusInd Bank#10Profit and Loss Account - Q3FY20 (Rs Crs) Q3FY20 Q3FY19 Y-O-Y (%) Q2FY20 Q-0-Q (%) Net Interest Income 3,074 2,288 34% 2,909 6% Other Income Total Income 1,790 1,469 22% 1,727 4% 4,864 3,757 29% 4,636 5% Operating Expenses 2,106 1,640 28% 2,013 5% Operating Profit 2,758 2,117 30% 2,623 5% Provisions & Contingencies 1,044 607 72% 737 42% Credit Cost 576 338 70% 363 59% Others 468* 269 74% 374** 25% Profit before Tax 1,714 1,510 14% 1,886 (9%) Provision for Tax 405 525 (23%) 485 (16%) Profit after Tax 1,309 985 33% 1,401 (7%) Profit after Tax (excluding 1,497 985 52% 1,667 (10%) Accelerated provision) * Includes Rs. 251 crs of accelerated provisions ** Includes Rs. 355 crs of accelerated provisions 10 IndusInd Bank#11Profit and Loss Account - 9M FY20 (Rs. 'crores) 9M-FY20 9M-FY19 YoY (%) Net Interest Income 8,828 6,614 33% Other Income Total Income 5,180 4,088 27% 14,008 10,702 31% Operating Expenses 6,036 4,681 29% Operating Profit 7,972 6,021 32% Provisions & Contingencies 2,212 1,547 43% Credit Cost 1,243 715 74% Others 969 832 16% Profit before Tax 5,760 4,474 29% Provision for Tax 1,618 1,533 6% Profit after Tax 4,142 2,941 41% 11 IndusInd Bank#12Key Financial Indicators Return on Assets PPOP/Average Assets Return on Equity Cost Income Ratio Net Interest Margin Net NPA Q3 FY20 Q3FY19 Q2FY20 1.82% 1.62% 1.98% 3.83% 3.49% 3.70% 15.62% 15.44% 17.26% 43.31% 43.65% 43.42% 4.15% 3.83% 4.10% 1.05% 0.59% 1.12% EPS (annualized, Rs. per share) 75.56 65.48 80.88 Capital Reserves (Excl. Revaluation Reserve) 33,832 26,042 33,216 (Rs. in crs) 12 IndusInd Bank#13Well Diversified Loan Book Loan Book (Rs crs) 186,394 144,954 2,07,413 193,520 197,113 46% 46% 45% 61% 60% (Rs crs) Consumer Finance Dec-19 54% 39% 55% 54% 40% Vehicle Loans Comm. Vehicle Loans FY18 FY19 Jun-19 Sep-19 Dec-19 58,071 28% 24,977 12% FY18 and FY19 are not Consumer Finance Division Corporate & Commercial Banking Utility Vehicle Loans 4,264 2% comparable due to Small CV reclassification of BBG & MFI 3,560 2% (Rs crs) Corporate Dec-19 Banking Large 51,284 25% Corporates Mid size 39,677 19% Corporates Small 4,292 2% Corporates Total Advances 95,253 46% Large Corporates 25% Small Corporates 2% Two Wheeler Loans 5,296 3% Car Loans 7,336 3% Tractor 4,400 2% Mid Size Corporates 19% Vehicle Finance 28% Equipment Financing 8,238 4% Non-Vehicle Loans Business Banking Loan Against Property Credit Card 33,332 16% 11,460 9,539 4,576 2% 6% 5% Non Vehicle Retail 16% BL, PL, AHL Others Microfinance* 7,757 3% Total Advances *includes BFIL 20,757 10% 1,12,160 54% Microfinance 10% 13 IndusInd Bank#14Diversified Corporate Loan Book Sector Lease Rental SMA2 % (Rs. crs) 4.36% Real Estate 3.64% 42 45 23 Gems and Jewellery 3.34% NBFCs (other than HFCs) 3.21% Power Generation 3.06% SMA 1 Outstanding: 0.64% of loans SMA 2 Outstanding: ■Steel 2.52% 13 0.53% of loans Roads/other infra projects 1.91% Services 1.76% 117 Telecom-Cellular 1.20% excluding overlap with the 3 Stressed Groups Accounts in SMA1 & SMA2: 101 Housing Finance Companies 1.18% Food Beverages and Food processing 1.06% 17 Other Industry 18.68% 1,133 Corporate Banking 45.92% 1,348 Consumer Banking 54.08% 59 Total 100.00% 1,407 14 Indusind Bank#15NBFC Exposure Loans to NBFCs (other than HFCS and MFIs) at 3.2% of the total loan book (3.7% previous quarter) ■ Portfolio spread across entities with strong sponsors typically in niche retail businesses Corporate 15% Resilient portfolio performance despite the sector facing a tough operating environment Sponsor Profile Bank 7% Gold Financier 24% NBFC NNPA Mix NBFC AUM Mix Above 3% 18% Below 1,000cr 9% Above 50,000cr 14% PE 15% MNC 18% Vehicle Financier 21% Below 1% 36% Between 1% to 3% 46% Between 1,000cr to 10,000cr 30% Between 10,000cr to 20,000cr 25% Between 20,000cr to 50,000cr 22% Note: Data as of September 2019 for NBFCs >Rs 10cr exposure amounting to 99% of the NBFC portfolio 15 IndusInd Bank#16Well Rated Corporate Portfolio 24% PERCENT O F RATED 22% PORTFOLIO 20% 18% 16% 14% 12% 10% 8% 6% 4% Investment Grade Sub Investment Grade Unsecured Non Fund Based % I Secured Non Fund Based % Unsecured Fund Based % Secured Fund Based% 0% IB1 (AAA) IB2+ IB2 (AA) IB2- (AA-) IB3+ (A+) IB3 (A) IB3- (A-) (AA+) IB4+ (BBB+) IB4 (BBB) IB4- (BBB-) IB5+ (BB+) IB5 (BB) IB5- (BB-) IB6 (B) IB7 (C) IB8 (C) NPA (D) 2% 16 IndusInd Bank#17Behavioural Scoring affirms quality of Vehicle Financing Portfolio Vehicle Finance Portfolio-wise Risk Distribution - DEC'19 50.0% MHCV CAR-UTILITY CONSTRN LCV -SCV ■TW 40.0% WARS: 1.86 Behavioural Score (B- score) measures post [ disbursement credit I 60.0% quality using long range historical data. B-score assesses every borrower risk using Current and Historical | DPD, LTV, Geography, I Loan tenor, Customer type, etc. B-score is used for credit portfolio quality | assessment, improving I collection efficiency, cross-sell and is a lead indicator of credit cost. Risk Ladder *WARS Scale Population % 30.0% 20.0% 10.0% 0.0% INSIGNIFICANT LOW 1 2 MODERATE 3 • On a scale of 1 (least risk) to 6 (high risk) ACCEPTABLE HIGH 4 5 DEFAULT 6 Q-o-Q Movement in Weighted Average Risk Score (WARS): Quarter Sep'17 Dec'17 Mar'18 Jun'18 Sep'18 Dec'18 Mar’19 Jun’19 Sep'19 Dec'19 WARS 1.77 1.80 1.82 1.75 1.82 1.86 1.86 1.89 1.84 1.73 17 IndusInd Bank#18Market rumours / comments on Exposure to Potentially Stressed Groups ■ Three stressed groups, one each in Media / Diversified / Housing Finance sectors Bank's net funded and non-funded exposure to these groups is 0.47% of the loan book net of provisions held as under: % of Loans Q4FY19 Q1FY20 Q2FY20 Q3FY20 Media Group 0.4% 0.4% 0.3% 0.27%(1) Diversified Group 1.0% 1.0% 0.5% 0.21% HFC 0.4% 0.3% 0.3% (2) Total 1.9% 1.7% 1.1% 0.47% Note 1: Holding Company exposures at 0.14% and OpCo Cash Flow exposures at 0.12% Note 2: Exposure 100% provided of which 25% debited to P&L and 75% drawn down from the Reserves (drawn down amount shall be debited to P&L equally over the next 3 quarters). Consolidated security cover of 169% for the exposures held by us, of which marketable security in the form of listed shares covers 27% of the total exposure as on date All above accounts remain standard in the Bank's books 18 IndusInd Bank#19Improving CASA profile Building CASA traction Expanding branch network Focus on target market segments ➤ Government business ➤ Capital market flows ➤ Key Non Resident markets ➤ Launched branded Wealth offering "Pioneer" ➤ Self employed and Emerging Corporate businesses ➤ Transaction Banking and CMS Mandates Differentiated service propositions Current Account (CA) 15.1% 15.1% 14.4% 13.5% 13.2% 12.4% CASA Uptick 43.6% 43.6% 43.1% 43.1% 41.5% 42.4% 84,070 86,539 91,865 85,838 73,375 76,549 Q2FY19 Q3FY19 Q4FY19 CASA (Rs crs) Q1FY20 Q2FY20 % of Total Deposits Q3FY20 Savings Account (SA) 30.4% 28.5% 28.0% 28.7% 28.0% 30.0% 64,895 57,652 58,117 54,486 26,526 29,584 28,887 27,721 26,970 50,023 22,269 51,106 Q2FY19 Q3FY19 Q4FY19 CA (Rs crs) Q1FY20 Q2FY20 Q3FY20 % of Total Deposits 19 Q2FY19 Q3FY19 Q4FY19 SA (Rs crs) Q1FY20 Q2FY20 % of Total Deposits Q3FY20 Indusind Bank#20Other Income Core Fee Securities/MM/FX Trading/Others Total (Rs Crs) Q3FY20 Q3FY19 Y-0-Y (%) Q2FY20 Q-0-Q (%) 1,506 1,266 19% 1,468 3% 284 203 40% 259 10% 1,790 1,469 22% 1,727 4% 20 20 Indusind Bank#21Diverse Revenues from Core Fee Income (Rs Crs) Q3FY20 Q3FY19 Y-0-Y(%) Q2FY20 Q-0-Q(%) Trade and Remittances 185 155 19% 182 2% Foreign Exchange Income 241 275 (12%) 277 (13%) Distribution Fees (Insurance, 347 268 29% 322 8% MF, Cards) General Banking Fees 85 91 (7%) 90 (6%) Loan Fees 388 261 49% 360 8% Investment Banking 209 201 4% 201 4% PSLC 51 15 235% 36 39% 1,506 1,266 19% 1,468 3% Total Core Fee Income Growth momentum continues on regular fee flows 21 IndusInd Bank#22Diversified and Granular Fee Streams - Q3-FY20 Corporate Banking (32%) Consumer Banking (51%) Investment Banking - Project Finance / Advisory, 1% Foreign Exchange, 8% Trade and Remittances, 2% Trade and Remittances ,8% Foreign Exchange 6% Investment Banking - Investment Banking - Loan Syndication, 8% Structured Finance2% Loan Processing - Small Corp, 1% Loan Processing - Medium Corp, 1% Loan Processing - Large Corp, 3% Securities/MM/FX Trading/Others, 17% PSLC 3% 22 22 Distribution 18% General Banking, 5% Loan Processing 17% Trading and Other Income (17%) IndusInd Bank#23Yield / Cost Movement 9.88% 11.97% 6.49% 5.73% Q3FY20 Corporate Bank Consumer Finance Total 10.00% 12.04% 6.70% 5.90% Q2FY20 Yield on Assets Yield on Advances Cost of Deposits Cost of Funds •Yield on Assets/Cost of funds are based on Total Assets/Liabilities Outstanding (Rs crs) Segment-wise Yield Q3FY20 Yield (%) Q2FY20 Outstanding (Rs crs) Yield (%) 95,253 8.87% 89,661 9.02% 1,12,160 2,07,413 14.67% 11.97% 1,07,452 14.65% 1,97,113 12.04% 23 IndusInd Bank#24Credit Cost FY15 FY16 FY17 FY18 FY19 Q1FY20 (Rs Crs) Q2FY20 Q3FY20 9MFY20 Corporate Bank 144 258 401 468 2,134 67 101 283 450 Consumer Finance 195 244 303 433 585 237 262 293 793 Gross Credit Costs 339 502 704 901 2,719 304 363 576* 1,243 Gross Credit Costs 49 57 62 62 146 16 18 28* 60 (Basis Points on Advances) Net Credit Cost 323 468 672 856 2,689 293 348 575* 1,216 Net Credit Costs 48 53 59 59 144 15 18 28* 59 (Basis Points on Advances) PCR 63% * Excluding accelerated provision of Rs. 251 crs 59% 58% 56% 43% 43% 50% 53% 53% 49% 43% 48% 58% 55% 51% 64% 78% 72% 51% 42% 57% 52% 45% 49% 28% 36% 22% T FY15 FY16 FY17 FY18 FY19 Q1FY20 Corporate Loan Book Q2FY20 Q3FY20 9MFY20 Consumer Finance Loan Book 24 IndusInd Bank#25Loan Portfolio - Movement in NPA and Restructured Advances Opening Balance Additions Deductions Gross NPA Net NPA % of Gross NPA % of Net NPA Provision Coverage Ratio (PCR) Restructured Advances (Rs Crs) Q3FY20 Q2FY20 Corporate Consumer Total Corporate Consumer Total 2,932 1,438 4,370 2,903 1,297 4,200 1,237(1) 708 1,945 479 623 1,102 1,119(2) 618 1,737 450 482 932 3,050 1,528 4,578* 2,932 1,438 4,370* 2,173 2,203 2.18% 2.19% 1.05% 1.12% 53% 50% 0.06% 0.11% 2.27% 2.33% Restructured + Gross NPA to Advances *After sale to ARC Rs. 200 crs (Rs.103 crs) Note 1: Slippages above Rs 100cr include a Travel company (Rs 282cr), a Diversified Group from 3 Stressed Groups (Rs 250cr; fully recovered), a Paper company (Rs 177cr) Note 2: Deductions include Upgrades of Rs 187cr, Recovery of Rs 345cr, Sale to ARC of Rs 70cr and Write-offs of Rs 516cr (including Rs 250cr for the large infrastructure NBFC, which was classified as NPA in Q4FY19) 25 IndusInd Bank#26NPA Composition - Consumer Finance (Rs Crs) Q3-FY20 Com. Vehicle Utility Const. Equip. CV Small TW Cars Tractor BBG/LAP HL/PL/O Cards MFI Total thers Gross NPA 415 47 82 60 155 52 69 217 87 Gross NPA % 1.65% 1.08% 1.00% 1.66% 2.88% 0.70% 1.56% 1.03% 118 1.12% 2.57% 226 1.08% 1.35% 1,528 Q2-FY20 Com. Vehicle Utility Const. Small Equip. CV TW Cars Tractor BBG/LAP HL/PL/O thers Cards MFI Total Gross NPA 361 48 79 59 Gross NPA % 1.43% 155 258 1.20% 0.97% 1.72% 3.16% 0.73% 1.57% 1.27% 52 65 81 102 178 1,438 1.04% 2.40% 0.94% 1.34% 26 96 IndusInd Bank#27CRAR (Rs Crs) 31 Dec 19 Basel - III 31 Dec 19 Incl. 9M FY 20 PAT 30 Sep 19 30 Sep 19 Incl. H1 FY Basel - III 20 PAT Credit Risk, CVA and UFCE Market Risk 2,14,105 8,761 2,14,105 8,761 2,04,955 2,04,955 Operational Risk 22,986 22,986 Total Risk Weighted Assets 2,45,852 2,45,852 9,282 22,986 2,37,223 9,282 22,986 2,37,223 Core Equity Tier 1 Capital Funds 29,673 33,389 30,363 32,912 Additional Tier 1 Capital Funds 3,490 3,490 3,490 3,490 Tier 2 Capital Funds 1,048 1,048 1,016 1,016 Total Capital Funds 34,211 37,927 34,869 37,418 CRAR CET1 Tier 1 Tier 2 13.92% 15.43% 14.70% 15.77% 12.07% 13.58% 12.80% 13.87% 13.49% 15.00% 14.27% 15.34% 0.43% 0.43% 0.43% 0.43% 27 IndusInd Bank#28Distribution Expansion to Drive Growth Gujarat 143 J&K 5 Strengthening Distribution Infrastructure Dec. 31, Mar. 31, Jun. 30, Sep. 30, Dec. 31, Particulars HP 12 2018 2019 2019 2019 2019 Punjab 131 Chandigar 13 Haryana 119 NCT of Delhi 63 IBL Branches/Banking Outlets 1,558 1,665 1,701 1,753 1,851* Uttarakhand 20 BFIL Branches 1,938 2,028 2,163 Arunachal Pradesh Sikkim 3 Rajasthan 115 Assam 34 Vehicle Finance UP 125 869 845 855 842 859 Binar 43 Meghalaya 4 Nagaland 3 Marketing Outlets Manipur Total 2,427 2,510 4,494 4,623 4,873 Branches/Outlets MP 93 Jharkhand 28 Tripura 6 WB 79 Mizoram 2 ATMs 2,453 2,545 2,605 2,662 2,721 Chhattisgarh 45 D&NH2 Daman & Diu Goa 11 Maharashtra 205 Karnataka 120 Telangana 77 Andhra Pradesh 57 Pondicherry Kerala 65 Tamil Nadu 105 Odisha 116 Note: Numbers given above are total branches in each state *includes 208 specialized branches and 123 Banking outlets 28 • Branch/Representative Office •Strategic Alliance London Dubai Doha Abu Dhabi IndusInd Bank#29Shareholding Pattern Private Corporates 4.85% NRIs/Director/ Others 2.79% December 31, 2019 (Basis Paid Up Capital) MFs / Banks/ Insurance Co 13.55% Individuals 6.37% GDR issue 9.33% *includes FPIS #14.68% with diluted capital including warrants/ESOP Promoters# 13.04% Flls* 50.07% 29 Indusind Bank#30Initiatives for FY20 BFIL Merger Liabilities Surge Fee Growth Retail Asset Growth Merger consummation Scaling up liabilities & RDSP (Kirana Stores) pilot Digital / Alternate Channels • Pioneer - Banking for well-off Retailisation via Household acquisition ramp-up • Non-Resident Indians Match liabilities growth with asset growth Productivity . . Distribution fees for wealth products Ramp up retail Trade & FX fees Continued market share gains in vehicle finance • LAP / BBG to accelerate . Calibrated growth on unsecured Para-banking · Superior Client Experience . Intensive collaboration with . FinTech ecosystem • Scale up digital sourcing of assets & liabilities • · Cost efficient branch expansion . Robot based Process Automation Continued investments in Talent and Technology 30 80 . Corporate Risk Management Unit Business level Portfolio Monitoring Unit Diversification by ticket size, geographies, sectors, tenure Specialization in select domains • Insurance (Life & General) • Asset Management . • Retail Broking . Regulatory clarity awaited IndusInd Bank#31Accolades 31 Indusind Bank#32Accolades CSR Impact CSRBOX Dan Special Calegories Project Indusind Bank Limited IndusInd Bank was honored at 6th CSR Impact Awards 2019 in the Special Categories Project 32 32 IndusInd Bank#33Accolades CSRTIMES AWARD For BEST CORPORATE Conferred Upan Indusind Bank Limited In Environment, Climate, Forest Category NATIONAL CSR SUMMIT 18th September, 2019 New Delhi IndusInd Bank was awarded as the Best Corporate in the Environment, Climate & Forest Category at the CSR Times Awards 2019 33 83 IndusInd Bank#34Accolades TR write Gever cla Ever Mary Ca National Corporate Seal Ragby CSR Ass 2313 सम्माननंद य Honourable Mention Constbake to To Pray "इंडसइंड बैंक लिमिटेड "Indusind Bank Limited" IndusInd Bank's sports initiatives under the National Priority Areas have received an 'Honorable mention' by the Ministry of Corporate Affairs (MCA), Govt. of India 34 === IndusInd Bank#35Thank You 55 35 IndusInd Bank#36Disclaimer This presentation has been prepared by IndusInd Bank Limited (the "Bank") solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No information contained herein has been independently verified by anyone else. This presentation may not be copied, distributed, redistributed or disseminated, directly or indirectly, in any manner. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of the Bank by any person in any jurisdiction, including India and the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Any person placing reliance on the information contained in this presentation or any other communication by the Bank does so at his or her own risk and the Bank shall not be liable for any loss or damage caused pursuant to any act or omission based on or in reliance upon the information contained herein. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Further, past performance is not necessarily indicative of future results. This presentation is not a complete description of the Bank. This presentation may contain statements that constitute forward-looking statements. All forward looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Important factors that could cause actual results to differ materially include, among others, future changes or developments in the Bank's business, its competitive environment and political, economic, legal and social conditions. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Bank disclaims any obligation to update these forward-looking statements to reflect future events or developments. Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates in the form as it has been disclosed in this presentation. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The Bank may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. The accuracy of this presentation is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Bank. This presentation is not intended to be an offer document or a prospectus under the Companies Act, 2013 and Rules made thereafter, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended or any other applicable law. Figures for the previous period/year have been regrouped wherever necessary to conform to the current period's/year's presentation. Total in some columns/rows may not agree due to rounding off. Note: All financial numbers in the presentation are from Audited Financials or Limited Reviewed financials or based on Management estimates. 36 IndusInd Bank